News Highlights: Top Company News of the Day - Friday at 11 AM ET
20 January 2024 - 3:30AM
Dow Jones News
Ford to Cut Production of Electric F-150 Lightning Amid Weaker Demand
Ford will slash production of its electric pickup, the F-150
Lightning, after seeing weaker-than-anticipated demand.
Spirit Airlines Looking to Refinance $1.1 Billion in Debt
Shares soared as the budget airline guides for a
better-than-expected quarter.
Wayfair Boss, Weeks After Viral Memo, Cuts 13% of Staff
Chief Executive Niraj Shah says the online retailer went
"overboard" in hiring.
Tata Steel to Cut Up to 2,800 Jobs in U.K.
Tata Steel said it expects up to 2,800 employees will be
affected from a restructuring of its U.K. business, in a move to
reverse more than a decade of losses and transition to more
sustainable steel production at its Port Talbot site in South
Wales.
Apple Offers to Open Mobile Payments to Third Parties Amid EU Antitrust Case
The tech giant's proposal is aimed at allaying competition
concerns from European regulators.
Travelers Stock Pops After Earnings Beat
Core earnings of $7.01 a share beat Wall Street estimates of
$5.10 a share.
SLB Tops Earnings Estimates and Boosts Dividend. International Growth Is Strong.
The oil services provider posts adjusted earnings of 86 cents a
share, beating analysts' forecasts by 2 cents.
BASF Results Miss Forecasts
BASF reported preliminary figures for 2023 that were below the
company's guidance and consensus expectations, hit by write-downs
and sales of lower-margin products.
EU Commission Intends to Block Amazon's iRobot Acquisition
The European Union's competition watchdog is weighing the tech
giant's $1.7 billion bid to purchase Roomba maker iRobot.
Wendy's CEO Todd Penegor to Exit, PepsiCo Executive Kirk Tanner Named Successor
The fast-food chain said Penegor, who has served as CEO since
2016 and joined the company a decade ago, will leave in
February.
(END) Dow Jones Newswires
January 19, 2024 11:15 ET (16:15 GMT)
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